As a payment service provider or money transfer operator, you need a solution that can efficiently and securely process cross-border payments. Our IBAN account for PSPs and MTOs is designed to do just that. With our solution, you can provide…
A money services business, or MSB, is a term used by the Financial Crimes Enforcement Network (FinCEN) to describe a business that provides certain financial services. These services may include activities such as money transmission, currency exchange, and the issuance…
What is a Payment Institution (PI)? A Payment Institution (PI) in the EU is a firm that has obtained an Authorised Payment Institution (API) License or a Small Payment Institution (SPI) License. With these licenses, the firm can provide various…
What is the UK API License? The UK API License enables you to offer financial services to the UK. These include, but are not limited to, payment process, payment accounts, transfer of money, and acquisition of merchants. The API highlights…
In an operator-led model in the financial services industry, there are two primary entities involved: the Operator and the Solution Provider. The Operator is a licensed holder that holds the necessary regulatory licenses and is authorized to conduct financial services…
Passporting is a regulatory mechanism that allows financial services firms that are authorized to operate in one European Union (EU) member state to conduct business in other EU member states without having to obtain additional authorization. Passporting allows firms to…
Using the term “renting” to describe the process of becoming an agent or representative of a principal license holder (PLH) is generally discouraged by financial regulators worldwide, but especially in the United States. This is because “renting” implies a temporary…